People are always using age as an excuse to not set out to achieve their goals in life. We are either too young or too old to work on our dreams. Owing to this mental barrier many people let their dreams – both personal and financial – go unfulfilled.
Emerson Spartz was just 12 years old when he started his first venture, a Harry Potter fan website www.Mugglenet.com. He did not wait to become of a socially acceptable age to begin working towards his goal in life. A year later mugglenet.com was the number one Harry Potter website, which attracted 50 million views per month and Emerson Spartz had six employees and 120 contributors. By the time he was 28 and married, Spartz was the CEO of Spartz Inc., a media empire consisting of 15 websites drawing 160 million page views monthly.
Spartz became a huge success at a very early age because he started working on his dream from a very young age. Beginning early gave him a head start as compared to others, putting him in the lead. For Emerson Spartz, his young age proved to be an advantage and not a barrier.
On the other hand, Colonel Sanders was well over 60 when he made it big with Kentucky Fried Chicken. At an age when most people dream of retiring, Colonel Sanders was busy building a global empire. He did not make his age the reason to not go from restaurant to restaurant to cook his fried chicken for owners to sample. He used his age to spur himself on.
As there is no correct age to start working on your personal dreams, there is no right age to begin investing in Systematic Investment Plans or SIPs (#SIP is like a GoodEMI) of mutual funds. Like Spartz, beginning early will give you an advantage, but old age does not mean that the time for investing has passed. Both Spartz and Colonel Sanders worked consistently towards their personal goals regardless of their age. SIPs allow you to invest regular amounts over a long period of time, helping you to reach your financial goal regardless of your age.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Information contained in this article is not a complete representation of every material fact and is for informational purposes only. The recipient is advised to consult its advisor/ tax consultant prior to arriving at any investment decision.